loan / lone are similar-sounding terms with different meanings (referred to as homophones). To better understand the differences, see below for definitions, pronunciation guides, and example sentences using each term. 👇
loan: (noun) the temporary provision of money (usually at interest).
lone: (adjective) characterized by or preferring solitude. (adjective) being the only one; single and isolated from others.
loan: l·OW·n
lone: l·OW·n
(Examples are Wikipedia snippets under the CC ShareAlike 3.0 license. Definitions drawn from WordNet.)